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Counter-Terrorism Financing Summit 2016

The Counter-Terrorism Financing (CTF) Summit 2016 will bring together leaders and experts in counter terrorism financing and financial intelligence from around the world.

Co-hosted by Pusat Pelaporan Dan Analisis Transaksi Keuangan (PPATK) and AUSTRAC, Australia’s financial intelligence agency, this year’s CTF Summit will build upon the success of the inaugural 2015 CTF Summit hosted in Sydney by AUSTRAC. It began the process of developing regional solutions to terrorism financing issues and risks.

The Nusa Dua Statement

Regional risk assessment on terrorism financing 2016

Australia’s financial intelligence agency, AUSTRAC, and its Indonesian counterpart financial intelligence unit, Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK), co-led the research and development of the regional risk assessment, with contributions from the FIUs of Malaysia, the Philippines, Singapore and Thailand. The assessment will support future efforts to understand our region’s terrorism financing risks and where appropriate, coordinate actions to respond.

The regional risk assessment identifies primary terrorism financing risks from across a broad spectrum of risks assessed, which the 2016 Summit can discuss and commit to combating.

Tackling the financing of terrorism

Terrorism financing underpins and enables the work of extremists, putting us all at risk.

AUSTRAC’s financial intelligence assists in preventing terrorism by helping to stop the funding of attacks and operations.

AUSTRAC develops financial intelligence by tracking funds that:

help establish and maintain terrorist groups

maintain terrorist groups and the networks connecting them

support the less obvious aspects of a group’s operations, such as living expenses, travel, training, propaganda activities, and compensation for wounded fighters or the families of terrorists who have died.

Terrorism financing can be difficult to detect. Developing relationships with our financial intelligence counterparts throughout the world—particularly in our region—helps to deliver a coordinated, international response to this transnational threat.

By working together we can disrupt and dismantle the sources and networks that help finance terrorist organisations and terrorist attacks.

We are committed to continually building public-private partnerships and using the latest technology to disrupt terrorism financing.

At the same time, we can build confidence in our financial markets and strengthen our regional security.